Microsoft revealed its quarterly earnings today for the second quarter of the 2015 financial year. Overall revenue was up, and sales of the Surface Pro 3 computer were strong according to the company. But the Windows market declined and operating income was down, as the Nokia integration and reorganization continues to cost money. Revenue for the quarter was $26.47 billion, up eight percent on the same quarter a year ago. Gross margin was also up, climbing by one percent to $16.33 billion. Operating income, however, fell two percent to $7.78 billion, and earnings per share dropped nine percent to $0.71. The lower operating income is attributed in part to $243 million in expenses incurred by Microsofts reorganization and by the integration of Nokias Devices and Services division. Earnings per share were also hit by an income tax bill as a result of an IRS audit. Read 23 remaining paragraphs | Comments January 26, 2015 at 04:00PM
Posted on: Tue, 27 Jan 2015 02:20:09 +0000
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